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dimulka [17.4K]
3 years ago
12

Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities

of $533,500, and long-term debt of $693,000. What is Nicole's total stockholders' equity
Business
1 answer:
velikii [3]3 years ago
7 0

Answer:

$106,500

Explanation:

The computation of the total stockholder equity is shown below:

Total assets = Total liabilities + stockholder equity

where,

Total assets = Current assets + fixed assets

                    = $741,000 + $592,000

                    = $1,333,000

And, the total liabilities is

=  Current liabilities + long term debt

= $533,500 + $693,000

= $1,226,500

So, the total stockholder equity is

= $1,333,000 - $1,226,500

= $106,500

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A convertible preferred stock is convertible at $10, pays a 4% annual dividend, is callable at $110, and is trading at a current
Leno4ka [110]

Answer:

$11.60

Explanation:

In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price

The par value of the preferred stock=$100(since call price is $110)

convertible price=$10

conversion ratio=$100/$10=10

The parity price is the current market price of the preferred stock divided by the conversion ratio

Parity price=$116/10

Parity price=$11.60

4 0
2 years ago
Alfonso has noticed that increases in unemployment insurance claims are associated with recessions, and therefore be advocates l
7nadin3 [17]

Answer:

<em>c. The reasoning of both Alfons and Mary suffers from the omitted variable problem</em>

Explanation:

The issue of omitted variables occurs as a result of mis-specification of a linear regression model, which could be either because the impact of the omitted variable on both the dependent variable is unclear, or the evidence was not accessible.

This causes you to omit the variable from your regression, resulting in over-estimation (upward bias) or underestimation (downward) of the influence of one of the other predictor variables.

3 0
3 years ago
Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

Fixed costs= $45,000

Number of units= 20,000

Unitary contribution margin= $8

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income=  decrease in fixed costs - decrease in contribution margin

Effect on income= 45,000 - 20,000*8

Effect on income= $115,000 decrease

4 0
3 years ago
You would like to combine a risky stock with a beta of 1.5 with U.S. Treasury bills in such a way that the risk level of the por
Deffense [45]

Answer:

33.33%

Explanation:

Let weight of T-bill be x, therefore weight of stock will be 1-x

Portfolio = Weight of stock*Beta of stock + Weight of T-bills*Beta of T-bills

1 = (1-x)*1.5 + x*0

1 = 1.5 - 1.5x

x = 0.5/1.5

x = 0.3333

x = 33.33%

Therefore, the percentage of the portfolio invested in treasury bills is 33.33%.

5 0
3 years ago
Please help me with these accounting questions
Alinara [238K]

Answer:

In summary, types of business entity should be differentiated in Ownership; ... Credit transactions: the buyer does not have to pay for the item on receipt, but is allowed ... Dr.Cash 600 Cr.Irrecoverable debt expense 600 8.2 An allowance for ... the day is as follows: Assets Capital + Liabilities (Inventory $50)

Explanation:

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3 years ago
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